Deferred Corporate Tuition Assistance Program
Some companies offer assistance with paying tuition for their employees. Check with your company to see if this would be an option for you to take courses and further your education.
Difference between Standard and Deferred assistance:
- Standard Corporate Tuition Assistance means your company will be paying Liberty University directly. See more about Standard Tuition Assistance.
- Deferred Corporate Tuition Assistance (DCTA) means you will be paying the University directly, and then receive reimbursement from your employer. Only Online students are eligible for DCTA.
Steps for using DCTA:
1: Contact your company’s approver for tuition assistance to determine eligibility
- If your company does not have an official policy, an official letter that includes a written statement on letterhead, wet signed by an authorized company representative, verifying the student is employed and eligible is acceptable. The statement must also include details of the tuition assistance program (reimbursement limits, what charges are eligible for reimbursement, reimbursement stipulations, etc.)
- The company must cover 100% of the account balance for the standard deferred payment plan to be approved. If your company will cover less than 100% of your account balance, the Student Accounts Office will defer only what the company will pay and you will be responsible to pay the difference during the months leading up to the final deferred draft. Students in this situation will need to set up a custom deferred payment plan to utilize DCTA.
- Your company approver must use a wet signature
- Submit a PDF version of the company policy (un-editable)
- If your company policy indicates that you must pay your balance before being reimbursed by your company, you will not be eligible for DCTA.
- Phrases on a company policy that would indicate this include: “issue paid receipts to receive reimbursement”, “provide proof of payment to receive reimbursement”, “send receipts showing a zero balance to receive reimbursement”, etc.
- You may be able to request an official override letter from your employer to be eligible for DCTA. An override letter must meet all previously stated document requirements.
- Your company policy must include tuition assistance limits.
- If your company policy does not state the annual maximum dollar amount and/or number of credits that qualify for reimbursement, you may submit a letter from your employer on letterhead with a wet signature indicating the amount or percentage your company will reimburse per semester.
2: Download and Complete the DCTA Application
- You and your company approver must hand-sign the above application.
- We review all applications, but it is at our discretion to make approvals for each student. You may be required to complete additional steps to be approved for the DCTA program.
3: Submit completed DCTA Application and company tuition assistance policy
- The DCTA application and company policy are valid during the calendar or fiscal year, depending on your company’s specified renewal dates. You must re-submit both documents yearly according to your company’s renewal dates.
- Documents must be submitted at least five business days before a Financial Check-In deadline.
- Please email luopayplans@liberty.edu if you have any further questions or concerns.
4: Once processed and approved, a confirmation email will be sent to your Liberty University email address with instructions for completing Financial Check-In. If any changes are needed a representative will contact you with your next steps.
Payments
- You will have an initial draft equal to 1% of the total balance automatically drafted from your credit card or checking account provided during Financial Check-In.
- The remaining balance will be drafted approximately 30 days after the semester ends from the account provided during Financial Check-In. You will be able to select the date of the draft during Financial Check-In. It is up to you to make sure that your company provides you with sufficient funds for the remainder of your tuition.
- The 30-day period is provided after the course(s) are completed to allow time for grades to be submitted so that you can submit them to your employer (if needed) and arrange for tuition assistance.
- If your employer does not cover fees, any fees on the account must be paid prior to starting a DCTA plan.
- You are responsible to pay any amount that your company does not pay
Financial Aid
As long as you meet enrollment requirements and satisfy the appropriate Financial Aid process, you may be eligible for financial aid in addition to DCTA.
If 100% of your account balance is covered by Financial Aid, an application for the Deferred Corporate Tuition Assistance Payment Plan will be denied because there is no balance to defer. At that point, all tuition assistance reimbursement questions should be directed to your employer.
Book Vouchers
If your employer’s tuition assistance policy states that books are covered, you may add a book voucher to your DCTA payment plan.
Dropping & Withdrawing from Courses
Drop Courses
If you drop classes before they begin, you will be able to adjust your payment plan by re-completing FCI. For more information on dropping courses, please visit the Course Catalog.
Withdraw from Courses
Depending on your employer’s reimbursement program, if you withdraw from a course(s) your expenses may no longer be eligible for reimbursement. If your course(s) will no longer be covered by your employer, you are still responsible for the payment of your account balance.